MACOM Technology Solutions (NASDAQ:MTSI) Sets New 12-Month High - Time to Buy?

Key Points

• MACOM reached a new 52-week high of $296.86 on Monday (last trade ~$294.59) with about 153,264 shares changing hands.
• Analysts hold a consensus rating of Moderate Buy with a consensus price target of $251.45—some firms raised targets up to $305—while the company reported an EPS beat and raised Q2 guidance but trades at a high PE of 136.8.
• Significant insider selling occurred recently (747,839 shares worth roughly $183M in the past 90 days), even as institutional investors and hedge funds own about 76.14% of the stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $296.86 and last traded at $294.5940, with a volume of 153264 shares changing hands. The stock had previously closed at $284.18.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MTSI shares. Zacks Research lowered MACOM Technology Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 29th. Wall Street Zen lowered MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Jefferies Financial Group raised their price objective on MACOM Technology Solutions from $185.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised their price objective on MACOM Technology Solutions from $165.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Finally, Bank of America raised their price objective on MACOM Technology Solutions from $260.00 to $305.00 and gave the company a "buy" rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.45.

MACOM Technology Solutions Stock Performance

The firm has a market capitalization of $21.86 billion, a PE ratio of 136.84, a price-to-earnings-growth ratio of 4.72 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.96 and a quick ratio of 3.18. The stock has a 50-day moving average price of $244.61 and a 200-day moving average price of $205.85.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.03. MACOM Technology Solutions had a return on equity of 15.55% and a net margin of 15.88%.The business had revenue of $271.61 million for the quarter, compared to analyst estimates of $269.02 million. During the same period in the previous year, the company earned $0.79 earnings per share. The company's revenue for the quarter was up 24.5% compared to the same quarter last year. MACOM Technology Solutions has set its Q2 2026 guidance at 1.050-1.090 EPS. On average, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 3.2 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, COO Robert Dennehy sold 18,398 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $245.25, for a total transaction of $4,512,109.50. Following the sale, the chief operating officer directly owned 12,864 shares of the company's stock, valued at approximately $3,154,896. The trade was a 58.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Ritchie sold 1,573 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $255.00, for a total value of $401,115.00. Following the completion of the transaction, the director owned 8,690 shares of the company's stock, valued at $2,215,950. This trade represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 747,839 shares of company stock valued at $183,175,854. Company insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently bought and sold shares of the company. Whale Rock Capital Management LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $134,164,000. Wellington Management Group LLP boosted its stake in MACOM Technology Solutions by 180.6% in the third quarter. Wellington Management Group LLP now owns 986,438 shares of the semiconductor company's stock valued at $122,802,000 after acquiring an additional 634,903 shares during the period. Bessemer Group Inc. boosted its stake in MACOM Technology Solutions by 170,782.0% in the fourth quarter. Bessemer Group Inc. now owns 569,037 shares of the semiconductor company's stock valued at $97,465,000 after acquiring an additional 568,704 shares during the period. Norges Bank acquired a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $97,397,000. Finally, Rafferty Asset Management LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at approximately $67,486,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM's offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company's solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.

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